Global Self-storage Market Size Study, by Unit Size (Small, Medium, Large), by Application (Personal, Business), and Regional Forecasts 2022-2032

Description

The Global Self-storage Market is valued at approximately USD 56.81 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.90% over the forecast period 2024-2032. The growing urbanization, rising disposable incomes, and increased need for space optimization have contributed significantly to the surge in demand for self-storage services globally. Self-storage provides individuals and businesses with the flexibility to store belongings safely and securely, often in response to transient living situations, relocations, business growth, or seasonal inventory management. The market for self-storage has experienced substantial growth as it continues to serve various demographic groups and industries, offering customers the freedom to store goods with minimal commitment or long-term lease agreements.

The market is characterized by evolving customer preferences, with an increasing shift toward digital storage solutions that include climate-controlled storage units, enhanced security features, and 24/7 access. Additionally, the demand for mobile storage units and the rise of on-demand self-storage services are transforming the landscape of the self-storage industry. The integration of advanced technology such as IoT-enabled monitoring systems and AI-based inventory management further boosts the market's growth, providing businesses with the tools to streamline their storage needs. However, high operational costs and the expansion of storage facilities in densely populated areas may challenge the market's growth in certain regions.

North America currently holds the largest share in the self-storage market, particularly in the U.S., where demand is driven by the high mobility of people, including those moving for jobs, students, and the growth of e-commerce. In Europe, especially in countries like the UK, Germany, and France, the market is expanding as urban space becomes more limited, driving the need for additional storage. The Asia-Pacific region is expected to grow the fastest, due to rising incomes, the expanding real estate sector, and a shift toward consumerism in countries like China and India, alongside the growing trend of personal storage solutions.

Major Market Players Included in This Report Are:

Public Storage, Inc.
Extra Space Storage, Inc.
CubeSmart
Life Storage, Inc.
U-Haul International, Inc.
Iron Mountain Incorporated
Sovran Self Storage, Inc.
National Storage Affiliates Trust
SmartStop Self Storage
Simply Self Storage
StorageMart
Access Self Storage
Global Self Storage, Inc.
The William Warren Group
All Storage, LLC

The Detailed Segments and Sub-segments of the Market Are Explained Below:

By Unit Size:

Small
Medium
Large

By Application:

Personal
Business

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years Considered for the Study:

Historical Year - 2022, 2023
Base Year - 2023
Forecast Period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional-level analysis for each market segment.
Detailed analysis of the geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of the competitive structure of the market.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Self-storage Market Executive Summary

1.1. Global Self-storage Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Unit Size
- 1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Self-storage Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Self-storage Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Demand for Space Optimization
- 3.1.2. Rising Disposable Incomes
- 3.1.3. Growth in Urbanization and Transient Living
3.2. Market Challenges
- 3.2.1. High Operational Costs
- 3.2.2. Limited Storage Space in Densely Populated Areas
3.3. Market Opportunities
- 3.3.1. Technological Advancements in Digital Storage Solutions
- 3.3.2. Growth in On-demand and Mobile Storage Services
- 3.3.3. Expansion of Consumerism in Emerging Markets

Chapter 4. Global Self-storage Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Self-storage Market Size & Forecasts by Unit Size 2022-2032

5.1. Segment Dashboard
5.2. Global Self-storage Market: Unit Size Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Small
- 5.2.2. Medium
- 5.2.3. Large

Chapter 6. Global Self-storage Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Self-storage Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Personal
- 6.2.2. Business

Chapter 7. Global Self-storage Market Size & Forecasts by Region 2022-2032

7.1. North America Self-storage Market
- 7.1.1. U.S. Self-storage Market
  - 7.1.1.1. By Unit Size breakdown size & forecasts, 2022-2032
  - 7.1.1.2. By Application breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Self-storage Market
7.2. Europe Self-storage Market
- 7.2.1. UK Self-storage Market
- 7.2.2. Germany Self-storage Market
- 7.2.3. France Self-storage Market
- 7.2.4. Spain Self-storage Market
- 7.2.5. Italy Self-storage Market
- 7.2.6. Rest of Europe Self-storage Market
7.3. Asia-Pacific Self-storage Market
- 7.3.1. China Self-storage Market
- 7.3.2. India Self-storage Market
- 7.3.3. Japan Self-storage Market
- 7.3.4. Australia Self-storage Market
- 7.3.5. South Korea Self-storage Market
- 7.3.6. Rest of Asia-Pacific Self-storage Market
7.4. Latin America Self-storage Market
- 7.4.1. Brazil Self-storage Market
- 7.4.2. Mexico Self-storage Market
- 7.4.3. Rest of Latin America Self-storage Market
7.5. Middle East & Africa Self-storage Market
- 7.5.1. Saudi Arabia Self-storage Market
- 7.5.2. South Africa Self-storage Market
- 7.5.3. Rest of Middle East & Africa Self-storage Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Public Storage, Inc.
- 8.1.2. Extra Space Storage, Inc.
- 8.1.3. CubeSmart
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Public Storage, Inc.
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Extra Space Storage, Inc.
- 8.3.3. CubeSmart
- 8.3.4. Life Storage, Inc.
- 8.3.5. U-Haul International, Inc.
- 8.3.6. Iron Mountain Incorporated
- 8.3.7. Sovran Self Storage, Inc.
- 8.3.8. National Storage Affiliates Trust
- 8.3.9. SmartStop Self Storage
- 8.3.10. Simply Self Storage

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes